Honeymoon or Honeyfire??

Dear Subscriber,

The honeymoon, baptism of fire or the hybrid (honeyfire) is how we can describe the first 100 days of the renewed vows of Buhari with the Nigerian electorate. With 1,250 days to the next election, the Buhari legacy is being defined, not by the first 100 days but by its impact on the quality of lives of average Nigerians.

What you see is what you get but what you don’t see is what gets you

The economic indicators are mixed: 5 positive and 7 negative. Inflation is falling and the exchange rate is stable. However, the stock market, the barometer of investor confidence, had 47 negative days and 20 positive days during this period. Market capitalization is 13% down and corporate profitability is declining.  The great news is that new listings by MTN just before inauguration and Airtel afterwards buoyed market sentiment.

Buhari in swift response mode??

The president has made some strides in signing the AfCFTA agreement and responded swiftly to the threats of xenophobia in South Africa. He however, still needs to keep a lid on the threats of domestic insecurity.

In the slides, Bismarck Rewane offers an objective review of Buhari’s first 100 days and what Nigerians can expect from the Next Level team in the near term.

Enjoy your read!